PERSONAL STATEMENT SAVINGS
PLATINUM 50 STATEMENT SAVINGS
YOUTH STATEMENT SAVINGS
UTMA SAVINGS
HOLIDAY SAVINGS
VACATION SAVINGS
CERTIFICATES OF DEPOSIT (CDs)
TRADITIONAL IRA
ROTH IRA
EDUCATIONAL IRA
Personal savings account; interest-bearing; accessible by Teller window or ATM
FEATURES- Earns interest at competitive rate
- Interest calculated daily, compounded and paid quarterly
- A statement of account activity is provided; can be combined with a checking account activity and other statement savings accounts for one, easy-to-read statement
- Unlimited over-the-counter transactions
- Automatic transfers available into other CNB deposit accounts; also available for loan and/or safe deposit payments
- Ready access to funds when needed
- 24-hour availability: ATM, Tele-Banking, and Internet Banking
- FDIC insured
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Personal savings account for individuals 50 years of age or older; interest-bearing; accessible by Teller window or ATM
FEATURES- Earns interest at competitive rate
- Interest calculated daily, compounded and paid quarterly
- No monthly maintenance fee applied
- A statement of account activity is provided; can be combined with a checking account activity and other statement savings accounts for one, easy-to-read statement
- Unlimited over-the-counter transactions
- Automatic transfers available into other CNB deposit accounts; also available for loan and/or safe deposit payments
- Ready access to funds when needed
- 24-hour availability: ATM, Tele-Banking, and Internet Banking
- FDIC insured
Stop by your local CNB office for complete details!
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This account is opened for those under 18 years of age.
FEATURES- Earns interest at competitive rate
- Interest calculated daily, compounded and paid quarterly
- No monthly maintenance fee applied
- A statement of account activity is provided
- Unlimited over-the-counter transactions
- Only requires $1 minimum deposit to open account
- FDIC insured
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This savings account is supported by a state law allowing an adult to make an irrevocable gift to a minor. Funds given in this manner are held in the name of the custodian (adult) for the benefit of the minor.
FEATURES- No monthly service charge
- Minor’s Social Security number is used
- Account is controlled by the custodian
- Anyone can make deposits, but only the custodian can withdraw
- Control reverts to the child when they reach 21 years of age
- Interest earned at competitive rates
- Interest calculated daily, compounded and paid quarterly
- FDIC insured
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Personal savings account for individuals saving specifically for the Holidays; interest-bearing; payments can be made through teller windows, night deposit, or by direct deposit.
FEATURES- Interest calculated daily, compounded and paid annually by check (October)
- Deposits are made using a register book
- Automatic transfers can be arranged for payments from a CNB checking or savings account
- Only requires $1 minimum deposit to open account
- No minimum daily balance to earn interest
- Structured savings approach that assures money is available for the holidays
- FDIC insured
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Personal savings account for individuals saving specifically for Vacation(s); interest-bearing; payments can be made through teller windows, night deposit, or by direct deposit.
FEATURES- Interest calculated daily, compounded and paid quarterly
- Deposits are made using a register book
- Automatic transfers can be arranged for payments from a CNB checking or savings account
- A statement of account activity is provided
- Only $1 minimum deposit required to open account
- No minimum daily balance to earn interest
- Structured savings approach that assures money is available for vacation
- FDIC insured
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These instruments earn interest; for individuals and businesses; they are issued for a specific term at a higher interest rate than regular savings accounts.
FEATURES- Customer chooses the CD's maturity (3 mo. to 48 mo.)
- Rates vary according to maturity
- Rate is fixed for term of deposit
- No additional deposits are permitted to original instrument
- Interest is compounded daily
- Interest can be paid monthly, quarterly or semi-annually based on certificate amount
- Interest can be paid by check or reinvested or paid to another CNB deposit account
- You receive a maturity notice, at the end of the term
- Earn a higher rate of interest than a regular savings account Select a maturity that meets your specific investment needs
- Account is FDIC insured
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Includes certificates of deposit or passbook accounts; available to working individuals and their spouses saving specifically for retirement. The traditional IRA is an account which allows deferred taxes on earnings until they are withdrawn. Also, certain contributions are tax deductible for the tax year for which they are made.
FEATURES- IRA contributions may be tax deductible depending on income level, or if you are covered by a qualified retirement plan ; interest earned is tax-deferred
- IRAs are established in one name only
- Maximum annual contribution limits apply
- Contributions for a previous tax year may be made to a new or existing plan up to April 15
- Plans are FDIC insured
- Accounts are set up in either as an IRA passbook or Certificate of Deposit
- Provides additional savings for retirement
- Interest is earned at competitive rates
- Potential for income tax savings
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Includes certificates of deposit or passbook accounts; this is a non-deductible account that features tax-free withdrawals for certain reasons after a five-year holding period.
FEATURE- FDIC insured
- Maximum annual contribution limits apply
ELIGIBILITY- Individual must have earned income
- MAGI (Modified Adjusted Gross Income) $95,000 or less for a full $2,000 contribution for an individual and $150,000 or less for joint filers (for higher MAGI figures see IRA schedule)
- Distribution begins at 70 ½ years of age
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Includes certificates of deposit or passbook accounts; these non-deductible accounts that feature tax-free withdrawals or certain distributions toward a child’s higher education expenses.
FEATURE- Accounts are FDIC insured
- Qualified higher education distributions make an educational IRA penalty-free and tax-free
ELIGIBILITY- Individual must have earned income
- MAGI (Modified Adjusted Gross Income) $95,000 or less of a full $2,000 contribution for an individual and $150,000 or less for joint filers (for higher MAGI figures see IRA schedule)
- Contributions may be made on behalf of a child until the day before their 18th birthday
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